stellar management. And since I'm sure there are still a load of BlackBerry loyalists out there who will blast this article, I'll leave the I told you so's for another day. Instead, I'll simply warn any prospective buyers eyeing the stock: PLEASE AVOID. The all-caps was necessary, trust me. The Z10 was supposed to be the game changer that the Canadian smartphone maker needed to break back into contention. Along with the Q10, the phones were about to turn the world upside down with how great they were. buy Apple ( AAPL) over BlackBerry, when they were both down roughly the same percentage year-to-date. I still think that is a good idea, especially in light of this recent takeover news.
It's not like BlackBerry has been keeping it a secret that it's for sale Even so, whether anyone thinks the company should fetch $10, $12 or something more doesn't matter. If no one steps up in the next six weeks, this company will go for $9. Nine bucks. This is a company that had an $80 billion market cap in 2008. A $9 deal would give it a $4.7 billion valuation. For a company that has more than $2 billion in cash, that's nothing. Follow @BretKenwell